M15 & H1 Intraday Key Levels| Bearish Bias
Market Structure: Bearish
Intraday Sentiment: Sell On Rise
Session Focus: London| Nyc
London Market Overview
Although the price trades in bearish on h1 higher time frame. As a result the price holds the last resistance at 66.69180 on h1. Meanwhile the price has established fresh resistance 66.15556 on h1. On the other hand, the price formed fresh resistance at 66.46837 on m15. Moreover, a close above 66.15556 on h1 time frame, may establish the character shift towards the bullish, while forming the fresh support on h1 time frame.
Resistance Zones
M15 Resistance Zone
66.47561 – 66.68213
Fresh Supply Zone
Short Term Intraday Resistance Area
H1 Resistance Zone
66.15436 – 66.68213
Fresh Supply Zone
Higher time Frame Resistance Area
Support Zones
M15 Support Zone\H1 Support Zone
Although the price trades in bearish structure on h1 time frame. Meanwhile the price hasn’t established any fresh support zone on m15 and h1 time frame. Therefore the pending support would remain at 60.31051 – 60.10334
Session Strategy
Although the higher time frame favors sellers. As the price holds the last resistance at 66.67664 on h1 time frame. Therefore, reclaiming the 66.67664 on h1 time frame, may confirm the character shift on h1 time frame. As a result, the price could expose the fresh support at 65.29818. In addition, a break above 66.47492 on m15 time frame, could confirm the change of character on m15 time frame. As a result the price may form the fresh support at 64.81628. Moreover, if price looses 60.01710 on m15 time frame, then the price could expose the fresh resistance on m15 time frame.
Nyc Session Outlook
Although the price trades in bearish structure on the h1 higher time frame. Meanwhile the price shifted its character on m15 time frame from bearish to bullish, by giving the decisive close above 66.67715 on m15 time frame. As a result the price established fresh demand area at 64.80969 on m15.
Key Resistance & Support Zone
M15 Resistance Zone
69.39041 – 69.58958
Pending Supply Zone
Short Term Intraday Resistance Area
H1 Resistance Zone
73.82177 – 74.56863
Pending Supply Area
Higher Time Frame Resistance zone
M15 Support Zone
64.80969 – 64.66031
Fresh Demand Area
Short Term Intraday Support Base
H1 Support Zone
As the price trades in bearish structure on h1 higher time frame. Meanwhile the price hasn’t established any fresh support zone on any time frame h1. Therefore the pending would remain valid at 60.31051 – 60.10334 on h1 time frame.
Session Strategy
Although the higher time frame bias favors the sellers, as the price trades below 66.67715 on h1 time frame. Therefore, reclaiming the 66.67664 on h1 time frame, may confirm the character shift on h1 time frame. As a result, the price could expose the fresh support at 65.29818. In addition, a break below 64.66031 on m15 time frame, may establish the character shift towards the bearish side. As a result the price would establish the fresh resistance at 66.67715. Until 64.66031 remains intact short term buyers would remain interested.
Key Takeways
Trend: Bearish
Bias: Sell On Rise
Disclaimer
Although this analysis is for educational and informational purposes only. Therefore it does not constitute financial advice. However always manage your risk and trade responsibly.